The European Commission has launched a €3.4 billion call to support the development of innovative decarbonisation technologies in Europe. The initiative includes two funds: the larger €2.4 billion 'Net-Zero Technologies Call' will fund projects in renewable energy component manufacturing, energy storage, heat pumps, and hydrogen production. Proposals will be evaluated based on their impact on greenhouse gas emissions, level of innovation, maturity, replicability, and cost efficiency. Successful applicants are expected to sign grant agreements by early 2026. The second fund, amounting to €1 billion, is designated for EV battery cell manufacturing projects that demonstrate innovation in manufacturing techniques. The EC and European Investment Bank have introduced a partnership with a €200 million loan guarantee to support battery manufacturing across Europe. Moreover, an additional €1.2 billion from EU Emissions Trading System revenues will aid renewable hydrogen production in the region. Teresa Ribera, executive vice-president at the EC, highlighted the Commission's commitment to investing in clean technologies to meet decarbonisation objectives and support European industries. This funding aims to enhance Europe's industrial leadership and competitiveness, reinforcing the EU's strategic autonomy. The initiative aligns with efforts to strengthen clean energy manufacturing in Europe, particularly in solar and storage sectors. The European Council's Net-Zero Industry Act and recent developments at Intersolar Europe signal the region's focus on clean energy technologies. While some companies, like Carbon and Holosolis, plan to expand solar manufacturing in Europe, others, such as Swiss manufacturer Meyer Burger relocating to the US, have raised concerns about the viability of renewable energy manufacturing in the EU. Despite challenges, the European Commission's substantial investment in clean technologies reflects a positive outlook for the future of sustainable energy production in Europe.